Want to see TSE:OMG full AI Analyst Report?
Omai Gold Mines (OMG) AI Stock Analysis
Omai Gold Mines
(TSXV:OMG)
The score is driven primarily by weak financial performance—no revenue, worsening losses, and sharply higher cash burn—raising ongoing funding/dilution risk. Technicals add downside pressure with the price below all key moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend yield support in the provided data.
Omai Gold Mines (OMG) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 1.04B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.88M
- Price to Earnings (P/E)
- -36.6
- Beta (1Y)
- 2.36
- Revenue Growth
- ―
- EPS Growth
- -46.18%
- Country
- Canada
- Employees
- 25
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
Omai Gold Mines Business Overview & Revenue Model
Company Description
Omai Gold Mines Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. The company explores for gold and precious mineral deposits, as well as stones. It holds a 100% interests in the Omai prospecting licens...
How the Company Makes Money
OMG’s expected revenue model is tied to the development and operation (directly or via partners) of its gold properties, primarily the Omai Gold Project. If the project is advanced into production, the primary revenue stream would be the sale of gold...
Omai Gold Mines Financial Statement Overview
Summary
Overall fundamentals are weak: the company reports no revenue and persistent losses, with TTM net loss worsening materially (~$19.9M vs. ~$3.4M in 2023 and ~$5.8M in 2024). Cash flow is a major risk with accelerating burn (TTM operating cash flow ~-$12.9M; free cash flow ~-$13.3M vs. ~-$4.5M to -$4.6M in 2024). The main offset is a low-risk capital structure with effectively no debt in recent periods, reducing refinancing pressure.
Income Statement
12Very NegativeBalance Sheet
58NeutralCash Flow
20Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -161.90K | -78.69K | -47.30K | -65.16K | -43.64K | -38.31K |
| EBITDA | -20.18M | -14.36M | -5.28M | -3.37M | -4.79M | -6.88M |
| Net Income | -19.93M | -13.83M | -5.77M | -3.41M | -4.88M | -7.25M |
Balance Sheet | ||||||
| Total Assets | 36.50M | 43.76M | 7.32M | 4.28M | 6.71M | 7.80M |
| Cash, Cash Equivalents and Short-Term Investments | 33.91M | 42.55M | 6.52M | 476.37K | 2.98M | 3.57M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 295.00K |
| Total Liabilities | 2.97M | 2.31M | 1.64M | 883.60K | 788.59K | 2.36M |
| Stockholders Equity | 33.53M | 41.44M | 5.69M | 3.39M | 5.92M | 5.45M |
Cash Flow | ||||||
| Free Cash Flow | -13.32M | -11.09M | -4.61M | -2.52M | -5.12M | -7.28M |
| Operating Cash Flow | -12.90M | -10.86M | -4.52M | -2.34M | -4.12M | -6.15M |
| Investing Cash Flow | -29.90M | -31.08M | -93.03K | -188.11K | -1.00M | -1.13M |
| Financing Cash Flow | 29.65M | 46.57M | 10.51M | 89 | 4.60M | 7.26M |
Omai Gold Mines Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OMG, the sentiment is Negative. The current price of 1.53 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.40, and below the 200-day MA of 2.26, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 21.76 is Positive, neither overbought nor oversold. The STOCH value of 6.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:OMG.
Omai Gold Mines Peers Comparison
Overall Rating
TSE:MKO83.1Outperform
TSE:GAU81Outperform
TSE:THX76Outperform- TSE:OMG42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:MKO | 83Outperform | CAD 902.34M | 12.07 | 33.99% | ― | 79.46% | 102.76% |
| TSE:GAU | 81Outperform | CAD 706.30M | 7.06 | 29.16% | ― | 91.02% | ― |
| TSE:THX | 76Outperform | CAD 586.58M | 2.07 | 52.47% | 7.44% | 29.42% | 47.07% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:OMG | 42Neutral | CAD 1.04B | -36.62 | -61.04% | ― | ― | -46.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:OMG | Omai Gold Mines Corp. | 1.53 | 0.31 | 25.41% | |
| TSE:GAU | Galiano Gold Inc | 2.70 | -0.60 | -18.18% | |
| TSE:MKO | Mako Mining | 10.30 | 2.75 | 36.42% | |
| TSE:THX | Thor Explorations | 0.88 | -0.12 | -11.82% |
Omai Gold Mines Corporate Events
Omai Gold Adds Sixth Drill to Expand High-Grade Targets at Guyana Project
PositiveOmai Gold Mines is advancing its flagship Omai Gold Project in Guyana, where it controls two key orogenic deposits, Wenot and Gilt, and aims to build a large, long-life operation in the prolific Guiana Shield. The company recently completed a Prelimi...
Omai Gold Files NI 43-101 Report Backing Multibillion-Dollar PEA for Guyana Project
PositiveOmai Gold Mines has filed a National Instrument 43-101 technical report supporting a Preliminary Economic Assessment for the Wenot open pit and Gilt underground deposits at its Omai Gold Project in Guyana. The study outlines a large-scale operation a...
Omai Gold Hires Adelaide Capital to Boost Investor Social Media Outreach
PositiveOmai Gold Mines has engaged Adelaide Capital Markets Inc., an arm’s length investor relations and capital markets advisory firm, to provide dedicated investor-focused social media services. The six-month agreement, starting September 16, 2026,...
Omai Gold Extends High-Grade Zones at Wenot as Drilling Underpins Larger Mine Plan
PositiveOmai Gold Mines reported further strong assay results from 11 additional diamond drill holes at the Wenot deposit, part of its ongoing 50,000-metre drilling campaign at the Omai Gold Project in Guyana. All holes intersected multiple gold zones, highl...
Omai Gold Unveils Strong PEA for Large-Scale Guyana Gold Project
PositiveOmai Gold Mines has released a positive Preliminary Economic Assessment for its Omai Project in Guyana, outlining a combined Wenot open pit and Gilt underground operation with average annual production of 351,488 ounces over an 18-year mine life. The...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 23, 2026